---
title: "SunPower enters $2 million SAFE private placement with CEO affiliate trust"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297366275.md"
description: "SunPower Inc. completed a $2 million private placement via a Simple Agreement for Future Equity (SAFE) with the Rodgers Massey Revocable Living Trust, an entity affiliated with CEO Thurman J. Rodgers. This related-party transaction was executed on August 24, 2026, under Section 4(a)(2) of the Securities Act. The SAFE converts automatically in the next equity financing at the deal price without discount, subject to Nasdaq listing rules."
datetime: "2026-08-28T20:31:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297366275.md)
  - [en](https://longbridge.com/en/news/297366275.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297366275.md)
generator: "portal-rs"
---

# SunPower enters $2 million SAFE private placement with CEO affiliate trust

-   SunPower entered a $2 million private placement via a SAFE with the Rodgers Massey Revocable Living Trust on Aug. 24, 2026. \* Trust is affiliated with CEO and Chairman Thurman J. Rodgers, making the financing a related-party transaction. \* SAFE converts automatically in the next equity financing at the deal price, with no discount, subject to Nasdaq listing rules. \* Security was sold without registration under the Securities Act exemption in Section 4(a)(2). Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunpower Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-095088), on August 28, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**